Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
JTB800
on 15/10/2014, 14:20:59 UTC
Hello,

I am about to bring out a coin (or I guess token is the proper word under your system). Anyway, it was recommended to me to utilize counterparty. I had only previously been somewhat familiar with it (hey, you can't follow them all!). Anyway, the preface is a way of asking your forgiveness if the following questions are stupid. I have read a lot about XCP, but some of it is pretty deep in the weeds and of course some of it is useless. Anyway, it seems like an excellent system, but I am somewhat nonplussed in a few areas.

Speed seems to be a topic that comes up a lot as an area of concern. I have read the "18 Myths" article and  they seem to brush it off, but I was wondering if that is true. Is it slower than BTC and if so, how much slower?

Also, would my coin be offered on the XCP system only and is that community large enough for a successful coin? I understand that it can be on an exchange (Poloniex) if, I assume, some sort of criteria is met. Are there other exchanges possible as well?

Finally, as hard as I have tried, I cannot seem to find a straightforward (and believable) answer regarding that Reddit post of a couple of days ago. This one:

http://www.reddit.com/r/BitcoinMarkets/comments/2iu5xc/caution_counterparty_team_warns_of_fincen/

Could someone either tell me the story on this in an easy to understand manner or point me to somewhere where it is addressed in such a way. 500 pages on this forum is quite a milestone, but it is also tough to pin down specific answers.

Thank you